Spencer S Retail Limited
NSE: SPENCERS · Diversified Retail · sector
₹16.28NSE close 2026-10-26
Key numbers
Market cap₹147 cr
Price₹16.28
52w high / low₹54 / ₹16
P/E–Sector median 29.1x
P/B–Sector median 3.7x
Book value₹-101.3
Dividend yield–
ROE–Sector median 12.7%
ROCE-22.7%Sector median 15.9%
OPM0.2%Sector median 6.5%
Debt / equity–Sector median 0.14x
EV/EBITDA366.4xSector median 11.7x
Interest cover-0.4x
Current ratio0.26x
Sales growth 3y-9.8%Sector median +9.7%
Profit growth 3y–Sector median +1.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Diversified Retail (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹51 cr vs borrowings ₹1,235 cr (FY26): borrowings are higher by ₹1,183 cr.
- Borrowings rose in each of the last 3 years (₹542 cr → ₹1,235 cr).
- Operating profit covered interest -0.4x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹16.28 on 2026-10-26: -69.9% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹107.25 · low ₹16.28
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 518 | 517 | 412 | 416 | 445 | 503 | 436 | 469 |
| EBITDA | -45 | 12 | -11 | -7 | -4 | 7 | -7 | 8 |
| OPM % | -8.7% | 2.3% | -2.8% | -1.6% | -0.8% | 1.3% | -1.6% | 1.6% |
| Other income | 61 | 3 | 11 | 11 | 4 | 1 | 9 | 2 |
| Net profit | -87 | -47 | -68 | -62 | -64 | -58 | -66 | -60 |
| EPS (₹) | -9.67 | -5.25 | -7.59 | -6.84 | -7.08 | -6.47 | -7.28 | -6.71 |
| Revenue YoY | -14.1% | -2.7% | +5.9% | +12.9% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,300 | 2,453 | 2,345 | 1,995 | 1,800 | 1,854 |
| EBITDA | 24 | 4 | -12 | -43 | -11 | 4 |
| Net profit | -121 | -210 | -266 | -246 | -249 | -248 |
| EPS (₹) | -13.48 | -23.34 | -29.53 | -27.33 | -27.66 | -27.54 |
| Revenue growth | +6.6% | -4.4% | -14.9% | -9.8% | -0.5% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -9.8% | -5.8% | -0.5% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -56.6% (2y) | -65.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -150 | -416 | -662 | -913 |
| Borrowings | – | 542 | 733 | 926 | 1,235 |
| Cash & equivalents | – | 38 | 36 | 26 | 51 |
| Total assets | – | 1,629 | 1,696 | 1,310 | 1,396 |
| Fixed assets | – | 157 | 152 | 105 | 91 |
| Capital work in progress | – | 2 | 1 | 0 | 0 |
| Investments | – | 74 | 56 | 43 | 33 |
| Receivables | – | 20 | 25 | 18 | 25 |
| Inventory | – | 265 | 266 | 170 | 184 |
| Payables | – | 344 | 385 | 317 | 299 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 55 | 27 | 35 | 37 | -60 |
| Cash from investing | -40 | -26 | 11 | -20 | -8 |
| Cash from financing | -54 | -5 | -28 | -27 | 92 |
| Capex | 25 | 26 | 36 | 22 | 9 |
| Free cash flow | 30 | 1 | -1 | 15 | -69 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 139.8% | 64.0% | 37.2% | 27.3% |
| ROCE % | – | -24.4% | -37.4% | -31.1% | -25.0% |
| Debtor days | – | 3 | 4 | 3 | 5 |
| Inventory days | – | 49 | 52 | 39 | 47 |
| Payable days | – | 64 | 75 | 72 | 76 |
| Cash conversion cycle (days) | – | -12 | -19 | -30 | -24 |
| Working capital days | – | -74 | -94 | -133 | -182 |
Shareholding
| Holder | % (2026-06-30) |
|---|---|
| Promoters | 58.81% |
| FIIs | 6.50% |
| DIIs | 2.00% |
| of which Mutual funds | 0.00% |
| of which Insurance | 1.99% |
| Government | 0.01% |
| Public (non-institutions) | 32.55% |
| Quarter | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% |
| Promoter group | % |
|---|---|
| Rainbow Investments Limited | 43.94% |
| Stel Holdings Limited | 4.88% |
| Integrated Coal Mining Limited | 2.73% |
| Castor Investments Limited | 2.65% |
| Quest Capital Markets Limited | 1.93% |
| Pcbl Chemical Limited | 1.27% |
| Digidrive Distributors Limited | 1.17% |
| Sanjiv Goenka | 0.10% |
| Shashwat Goenka | 0.08% |
| Altius One Capital & Investments Private Limited (Formerly Dotex Merchandise Private Limited) | 0.03% |
| Preeti Goenka | 0.02% |
| Sanjiv Goenka HUF | 0.01% |
| Avarna Jain | 0.00% |
| Lebnitze Real Estates Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| India Insight Value Fund | 3.57% |
| Crizac Technologies Private Limited | 2.00% |
| Life Insurance Corporation of India | 1.47% |
| Habrok India Master Lp | 1.41% |
| Cassini Partners, L.P. Managed by Habrok Capital Management Llp | 1.20% |
47,972 shareholders. Pledged: – of promoter shares.
Peers in Diversified Retail
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DMART | ₹2,05,459 cr | 65.8x | 7.9x | 12.7% | 14.8% | 7.5% | +17.1% | – |
| VMM | ₹41,554 cr | 46.2x | 5.3x | 12.1% | 17.5% | 14.3% | – | – |
| VMART | ₹6,165 cr | 44.6x | 6.5x | 15.6% | 23.6% | 13.7% | +15.4% | – |
| EMIL | ₹6,010 cr | 29.1x | 3.7x | 13.1% | 17.1% | 7.4% | +9.7% | – |
| SHOPERSTOP | ₹3,678 cr | – | 13.0x | -3.9% | 47.6% | 14.5% | +7.8% | – |
| PATELRMART | ₹778 cr | 17.9x | 2.1x | 11.4% | 13.7% | 6.5% | – | – |
| SPENCERS | ₹147 cr | – | – | – | -22.7% | 0.2% | -9.8% | – |
| FELDVR | ₹98 cr | – | – | – | -29.8% | -71.3% | – | – |
| CITYSQUARE | ₹52 cr | 16.3x | 2.0x | 19.1% | 32.1% | 14.4% | – | – |
| RETAIL | ₹19 cr | – | 0.7x | -0.3% | 2.2% | -16.1% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-13 | Other | Annual General Meeting |
| 2023-07-27 | Other | Annual General Meeting |
| 2022-07-20 | Other | Annual General Meeting |
| 2021-08-09 | Other | Annual General Meeting |
| 2020-07-28 | Rights | Rights 2:15 @ Premium Rs 70/- |
| 2020-07-23 | Other | Annual General Meeting |
| 2019-07-10 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Diversified Retail |
| Sub-industry | Diversified Retail |
| Symbol | SPENCERS |
| BSE code | 542337 |
| ISIN | INE020801028 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.